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Moretti has relocated to California from London. -
Scott was most recently head of claims at MGA Geo Underwriting.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
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Declared events totalling just under A$2bn ($1.3bn) included one cyclone and two floods.
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Despite a rocky H1, 2025 insured losses from nat cat events may not surpass 2024 levels.
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The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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The tropical cyclone is expected to be named Imelda.
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Plus, the latest people moves and all the top news of the week.
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After losing in the High Court, insurers pin their hopes on the Court of Appeal.
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Equivalent to a Category 5 hurricane, Ragasa is the world's strongest storm this year.
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The report highlighted the gap between insured and uninsured attacks is widening.
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The toll of risk losses sustained by the PVT market this year is mounting.
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Despite formation of Gabrielle, there is "a very high probability" of a below-average season.
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The major storm is set to move on to mainland China later in the week.
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The economic loss from the event was around EUR7.6bn.
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The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
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The broker said insurers were facing increasing pressure to improve financial performance in claims.
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This publication revealed in February the incident was expected to lead to a major claim.
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The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
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The measures also seek to encourage greater wildfire mitigation efforts.
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Plaintiffs allege that manufacturers and retailers have broken environmental laws.
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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Losses were primarily driven by personal property lines.
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From aviation claims to retention challenges, underlying dynamics will take time to play out.
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Models anticipate a busier second half, particularly in the next few weeks.
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The carrier’s chief buyer urged a partnership approach from reinsurers.
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Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June.
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The aviation market may prove an outlier following a disastrous year of loss activity.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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The executive said claims can be a differentiator in a softening market.
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The ratings agency warned negative PYD on US casualty will likely continue.
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The ratings agency was presenting its outlook ahead of the Monte Carlo Rendez-Vous.
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The firm has also updated the loss-calculation engines of existing Jeannie tools.
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Submission volume is up 10%-20%, according to sources.
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The group claims the White House is undermining disaster preparedness.
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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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The broker said 2026 will bring a “cautious but deliberate” aviation reinsurance environment.
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She was most recently claims manager at QBE France.
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The company was hit with a data breach on July 16.
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Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.
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The carrier booked top-line growth of 2% in H1.
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Rates were down 3.9% across its portfolio in the first half of 2025.
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The estimate covers property and vehicle claims.
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Steven Crabb will become deputy chairman on the insurance solutions division.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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Both organisations still predict an above-average hurricane season.
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The carrier cited elevated cat and large-loss activity, including the LA wildfires.
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The forecast has increased since the early July update due to several additional factors.
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The carrier’s overall P&C combined ratio improved 1.8 points to 91.2%.
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Written premium increased by 31% to $2.41bn as top-line growth brought expense ratios down.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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California wildfires account for $40bn of the insured loss tally in H1.
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Emerging lawsuits and expanding loss triggers are giving rise to potential claims under a range of policies.
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Aviation reinsurance reserving issues will also be a broader focus for the market.
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The claim could add pressure to the hull war market after a recent High Court ruling.
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